Inotiv (NOTVQ) Director Nigel Brown Disposes 104,929 Shares

What Happened
Nigel Brown, a director of Inotiv, Inc., reported an “other acquisition or disposition” on 2026-07-19 that removed 104,929 common shares at a price of $0.00 (proceeds $0). This was not a market sale: the Amended Joint Prepackaged Chapter 11 Plan became effective on 2026-07-19 and cancelled all outstanding common shares for no consideration.

Key Details

• Transaction date: 2026-07-19 (reported on Form 4 filed 2026-07-20).
• Transaction type/code: Other acquisition/disposition (Code J).
• Shares affected: 104,929 common shares disposed at $0.00; total proceeds $0.
• Shares owned after transaction: All common shares were cancelled under the plan, effectively leaving zero common shares.
• Notable footnote: The bankruptcy reorganization plan was confirmed 7/14/2026 and became effective 7/19/2026, canceling all outstanding common shares for no consideration (Footnote F1).
• Filing timeliness: Form 4 filed the day after the effective date (not marked late).

Context
This action reflects a bankruptcy-driven cancellation of equity, not a discretionary insider sale or purchase. Retail investors should view this as a corporate restructuring outcome (shares extinguished under Chapter 11), not an indicator of the director’s trading sentiment.